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Side-by-side financial comparison of Antero Midstream Corp (AM) and CIRRUS LOGIC, INC. (CRUS). Click either name above to swap in a different company.

CIRRUS LOGIC, INC. is the larger business by last-quarter revenue ($580.6M vs $291.1M, roughly 2.0× Antero Midstream Corp). Antero Midstream Corp runs the higher net margin — 41.5% vs 24.2%, a 17.3% gap on every dollar of revenue. On growth, CIRRUS LOGIC, INC. posted the faster year-over-year revenue change (4.5% vs -7.3%). CIRRUS LOGIC, INC. produced more free cash flow last quarter ($285.7M vs $186.9M). Over the past eight quarters, CIRRUS LOGIC, INC.'s revenue compounded faster (25.0% CAGR vs 3.9%).

Antero Resources Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado. The company's reserves are entirely in the Appalachian Basin and are extracted using hydraulic fracturing.

Cirrus Logic Inc. is an American fabless semiconductor supplier that specializes in analog, mixed-signal, and audio DSP integrated circuits (ICs). Since 1998, the company's headquarters have been in Austin, Texas.

AM vs CRUS — Head-to-Head

Bigger by revenue
CRUS
CRUS
2.0× larger
CRUS
$580.6M
$291.1M
AM
Growing faster (revenue YoY)
CRUS
CRUS
+11.8% gap
CRUS
4.5%
-7.3%
AM
Higher net margin
AM
AM
17.3% more per $
AM
41.5%
24.2%
CRUS
More free cash flow
CRUS
CRUS
$98.8M more FCF
CRUS
$285.7M
$186.9M
AM
Faster 2-yr revenue CAGR
CRUS
CRUS
Annualised
CRUS
25.0%
3.9%
AM

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
AM
AM
CRUS
CRUS
Revenue
$291.1M
$580.6M
Net Profit
$120.7M
$140.3M
Gross Margin
53.1%
Operating Margin
60.9%
26.3%
Net Margin
41.5%
24.2%
Revenue YoY
-7.3%
4.5%
Net Profit YoY
2.1%
21.0%
EPS (diluted)
$0.25
$2.66

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AM
AM
CRUS
CRUS
Q1 26
$291.1M
Q4 25
$297.0M
$580.6M
Q3 25
$294.8M
$561.0M
Q2 25
$305.5M
$407.3M
Q1 25
$291.1M
$424.5M
Q4 24
$287.5M
$555.7M
Q3 24
$269.9M
$541.9M
Q2 24
$269.8M
$374.0M
Net Profit
AM
AM
CRUS
CRUS
Q1 26
$120.7M
Q4 25
$51.9M
$140.3M
Q3 25
$116.0M
$131.6M
Q2 25
$124.5M
$60.7M
Q1 25
$120.7M
$71.3M
Q4 24
$111.2M
$116.0M
Q3 24
$99.7M
$102.1M
Q2 24
$86.0M
$42.1M
Gross Margin
AM
AM
CRUS
CRUS
Q1 26
Q4 25
53.1%
Q3 25
52.5%
Q2 25
52.6%
Q1 25
53.4%
Q4 24
53.6%
Q3 24
52.2%
Q2 24
50.5%
Operating Margin
AM
AM
CRUS
CRUS
Q1 26
60.9%
Q4 25
33.8%
26.3%
Q3 25
61.2%
25.8%
Q2 25
61.0%
17.8%
Q1 25
60.9%
20.2%
Q4 24
61.8%
26.2%
Q3 24
60.2%
24.3%
Q2 24
56.6%
12.5%
Net Margin
AM
AM
CRUS
CRUS
Q1 26
41.5%
Q4 25
17.5%
24.2%
Q3 25
39.3%
23.5%
Q2 25
40.8%
14.9%
Q1 25
41.5%
16.8%
Q4 24
38.7%
20.9%
Q3 24
37.0%
18.8%
Q2 24
31.9%
11.3%
EPS (diluted)
AM
AM
CRUS
CRUS
Q1 26
$0.25
Q4 25
$0.11
$2.66
Q3 25
$0.24
$2.48
Q2 25
$0.26
$1.14
Q1 25
$0.25
$1.30
Q4 24
$0.23
$2.11
Q3 24
$0.21
$1.83
Q2 24
$0.18
$0.76

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AM
AM
CRUS
CRUS
Cash + ST InvestmentsLiquidity on hand
$180.4M
$778.1M
Total DebtLower is stronger
$3.2B
Stockholders' EquityBook value
$2.0B
$2.1B
Total Assets
$5.9B
$2.5B
Debt / EquityLower = less leverage
1.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AM
AM
CRUS
CRUS
Q1 26
$180.4M
Q4 25
$180.4M
$778.1M
Q3 25
$593.5M
Q2 25
$548.9M
Q1 25
$539.6M
Q4 24
$526.4M
Q3 24
$445.8M
Q2 24
$491.4M
Total Debt
AM
AM
CRUS
CRUS
Q1 26
$3.2B
Q4 25
$3.2B
Q3 25
$3.0B
Q2 25
$3.0B
Q1 25
$3.1B
Q4 24
$3.1B
Q3 24
$3.2B
Q2 24
$3.2B
Stockholders' Equity
AM
AM
CRUS
CRUS
Q1 26
$2.0B
Q4 25
$2.0B
$2.1B
Q3 25
$2.1B
$2.0B
Q2 25
$2.1B
$1.9B
Q1 25
$2.1B
$1.9B
Q4 24
$2.1B
$2.0B
Q3 24
$2.1B
$1.9B
Q2 24
$2.1B
$1.8B
Total Assets
AM
AM
CRUS
CRUS
Q1 26
$5.9B
Q4 25
$5.9B
$2.5B
Q3 25
$5.7B
$2.4B
Q2 25
$5.7B
$2.3B
Q1 25
$5.8B
$2.3B
Q4 24
$5.8B
$2.4B
Q3 24
$5.8B
$2.4B
Q2 24
$5.8B
$2.3B
Debt / Equity
AM
AM
CRUS
CRUS
Q1 26
1.63×
Q4 25
1.63×
Q3 25
1.46×
Q2 25
1.45×
Q1 25
1.49×
Q4 24
1.47×
Q3 24
1.49×
Q2 24
1.50×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AM
AM
CRUS
CRUS
Operating Cash FlowLast quarter
$198.9M
$290.8M
Free Cash FlowOCF − Capex
$186.9M
$285.7M
FCF MarginFCF / Revenue
64.2%
49.2%
Capex IntensityCapex / Revenue
11.1%
0.9%
Cash ConversionOCF / Net Profit
1.65×
2.07×
TTM Free Cash FlowTrailing 4 quarters
$614.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AM
AM
CRUS
CRUS
Q1 26
$198.9M
Q4 25
$255.5M
$290.8M
Q3 25
$212.8M
$92.2M
Q2 25
$265.2M
$116.1M
Q1 25
$198.9M
$130.4M
Q4 24
$232.7M
$218.6M
Q3 24
$184.9M
$8.2M
Q2 24
$215.8M
$87.2M
Free Cash Flow
AM
AM
CRUS
CRUS
Q1 26
$186.9M
Q4 25
$285.7M
Q3 25
$88.3M
Q2 25
$113.5M
Q1 25
$127.0M
Q4 24
$211.9M
Q3 24
$184.3M
$5.6M
Q2 24
$147.2M
$77.2M
FCF Margin
AM
AM
CRUS
CRUS
Q1 26
64.2%
Q4 25
49.2%
Q3 25
15.7%
Q2 25
27.9%
Q1 25
29.9%
Q4 24
38.1%
Q3 24
68.3%
1.0%
Q2 24
54.6%
20.6%
Capex Intensity
AM
AM
CRUS
CRUS
Q1 26
11.1%
Q4 25
0.9%
Q3 25
0.7%
Q2 25
0.6%
Q1 25
0.8%
Q4 24
0.0%
1.2%
Q3 24
0.2%
0.5%
Q2 24
25.4%
2.7%
Cash Conversion
AM
AM
CRUS
CRUS
Q1 26
1.65×
Q4 25
4.92×
2.07×
Q3 25
1.84×
0.70×
Q2 25
2.13×
1.91×
Q1 25
1.65×
1.83×
Q4 24
2.09×
1.88×
Q3 24
1.85×
0.08×
Q2 24
2.51×
2.07×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AM
AM

Gathering and compression–Antero Resources$238.0M82%
Other$52.3M18%
Water handling–third party$505.0K0%
Gathering and compression–third party$295.0K0%

CRUS
CRUS

Audio Products Segment$344.5M59%
High Performance Mixed Signal Products$236.2M41%

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